Suburb Profile Report for Wandin North VIC (3139)

Wandin North House: Median price $491,000, Annual capital growth 6.98%, Number of sales 28, Weekly median advertised rent $388

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Property value increases in Wandin North have tracked just lower than the VIC average of 7.68% over the last 12 months.

Wandin North,3139 was ranked 2366 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Wandin North should be aiming for at least -4.62% off the asking price, which is the average vendor discount being achieved at the moment.

At number 1 in a list of fastest selling suburbs, Wandin North is in the TOP 10% of suburbs in Australia with an average of days on market 15.85 for properties listed there.

Using the current median advertised rental of $387.5 and the average annual increase in value of a median property of 6.98%, investors should hope to achieve an overall return of 4.10%

HOUSE UNIT
$491,000 N/A
0.20% N/A
2.29% N/A
6.98% N/A
$388 N/A
28 N/A
4.10% N/A
15.85 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 2911
Median household income ($/weekly) 1206
Median age of persons 36
Median housing loan repayment ($/monthly) 1600
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 442 15.2
    25-34 years 332 11.4
    35-44 years 418 14.4
    45-54 years 423 14.5
    55-64 years 316 10.9
    Others 980 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 1160 55.1
    Not Married 737 35.0
    Defacto Relationship 207 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2397 85.6
    Japan 44 1.6
    New Zealand 44 1.6
    Papua New Guinea 29 1.0
    United Kingdom 183 6.5
    Others 104 3.7
    Country of Birth
    Census Count Percent(%)
    Christianity 1729 65.5
    No Religion 875 33.1
    Buddhism 24 0.9
    Islam 6 0.2
    Other Religious Groups 6 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 86 9.9
    $600-$799 82 9.5
    $1,000-$1,249 95 11.0
    $1,250-$1,499 85 9.8
    $1,500-$1,999 140 16.2
    Others 377 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 916 42.0
    Not in the labour force 680 31.2
    Employed, worked part-time 474 21.8
    Employed, away from work 75 3.4
    Unemployed, looking for work 34 1.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 195 13.3
    Professionals 170 11.6
    Technicians & trades workers 322 22.0
    Clerical & administrative workers 200 13.7
    Labourers 170 11.6
    Others 406 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 63 8.5
    Infants/Primary 287 38.7
    Secondary 227 30.6
    Technical or Further Educational Institution 77 10.4
    University or other Tertiary Institutions 60 8.1
    Others 28 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2783 99.7
    Semi-detached, row or terrace house, townhouse 4 0.1
    Flat, unit or apartment 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 500 52.2
    Fully owned 336 35.1
    Rented 114 11.9
    Other tenure type 8 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals